Rumors Suggest Pink Floyd in “Advanced” Talks To Sell Catalog for Crazy Amount to Sony Music
Stepping on stage during the 1960s, Pink Floyd wasted no time showcasing their star power and ability to command a crowd. Throughout the following decades, the band watched as their stardom helped them sell over 250 million albums. And when looking at their accolades, the band received a spot in both the Rock and Roll Hall of Fame and the UK Music Hall of Fame. Producing songs like “The Great Gig In The Sky” and “Wish You Were Here”, it appears that Sony Music might be in talks to purchase the band’s catalog for a massive amount of money.
While just speculation for now as no representative from Sony Music discussed the potential sale, Variety suggests the company is looking to pay anywhere between $400 and $500 million. For several years, Pink Floyd looked to sell their catalog for around $500 million. But the discussions fell through after Roger Waters made some unsavory comments about the ongoing conflict in Israel and Ukraine.
As for Sony Music, the company continues to expand its impressive catalog. Besides wanting to add Pink Floyd to its lineup, Sony Music spent billions of dollars on catalogs from stars like Bob Dylan, Bruce Springsteen, and even Queen.
Outside of Waters’s comments about the ongoing conflict overseas, he and David Gilmour continue to take shots at each other thanks to their decades-long feud. And with Sony Music apparently looking to buy, Waters’ comments might not be the best business move given the current climate around Israel and Ukraine.
Speaking with Rolling Stone, Gilmour opened up about the potential sale and what it means to him. Caring little about the money Pink Floyd looked to make, Gilmour seemed ready to put the band behind him. He said he wanted nothing more than “to be rid of the decision making and the arguments that are involved with keeping it going.” He described the potential sale as “my dream.”
Not the first time Pink Floyd tried to sell their catalog, sources claimed that a deal fell through last year due to band members unwillingness to get along. “You could say the deal is no longer ‘active. ’But at the same time, it’s still on the table. It’s a strange situation!”
